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The following information is available for Wildhorse Corporation for the year ended December 31, 2022: sales revenue $780,000. other revenues and gains $95,500, operating expenses

The following information is available for Wildhorse Corporation for the year ended December 31, 2022: sales revenue $780,000. other revenues and gains $95,500, operating expenses $113,000, cost of goods sold $461,000, other expenses and losses $35,000, and preferred stock dividends $27,050. The company's tax rate was 20%, and it had 55,000 common shares outstanding during the entire year. Prepare a corporate income statement. (List other revenues before other expenses.) WILDHORSE CORPORATION Income Statement For the Year Ended December 31, 2022

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